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Amkay Products IPO vs Mandeep Auto Industries IPO

Comparison between Amkay Products IPO and Mandeep Auto Industries IPO.

IPO Details

Amkay Products IPO is a SME Fixed Price IPO proposed to list at BSE SME while Mandeep Auto Industries IPO is a SME Fixed Price proposed to list at NSE SME.

 Amkay Products IPOMandeep Auto Industries IPO
LogoAmkay Products IPO LogoMandeep Auto Industries IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMENSE SME
Lead ManagersHem Securities Ltd.Jawa Capital Services Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerHem Finlease Pvt.Ltd.Aftertrade Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Amkay Products IPO is up to ₹11.95 Cr whereas the issue size of the Mandeep Auto Industries IPO is up to ₹23.97 Cr. The final issue price of Amkay Products IPO is ₹55.00 per share and of Mandeep Auto Industries IPO is ₹67.00 per share.

 Amkay Products IPOMandeep Auto Industries IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹52.00 per share
Issue Price (Upper)₹55.00 per share
Issue Price (Final)₹55.00 per share₹67.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares2000 shares
Fresh Issue Size21,72,000 shares35,78,000 shares
Fresh Issue Size (Amount)up to ₹11.95 Crup to ₹23.97 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total21,72,000 shares35,78,000 shares
Issue Size Total (Amount)up to ₹11.95 Crup to ₹23.97 Cr

IPO Timetable

Amkay Products IPO opens on Apr 30, 2024, while Mandeep Auto Industries IPO opens on May 13, 2024. The closing date of Amkay Products IPO and Mandeep Auto Industries IPO is May 03, 2024, and May 15, 2024, respectively.

 Amkay Products IPOMandeep Auto Industries IPO
Anchor Bid DateApr 29, 2024
Issue OpenApr 30, 2024May 13, 2024
Issue CloseMay 03, 2024May 15, 2024
Basis Of Allotment (Tentative)May 06, 2024May 16, 2024
Initiation of Refunds (Tentative)May 07, 2024May 17, 2024
Credit of Share (Tentative)May 07, 2024May 17, 2024
Listing date (Tentative)May 08, 2024May 21, 2024
Anchor Lockin End date 1Jun 05, 2024
Anchor Lockin End date 2Aug 04, 2024

Financials & KPIs

Amkay Products IPO P/E ratio is 23.18, as compared to Mandeep Auto Industries IPO P/E ratio of 10.15.

 Amkay Products IPOMandeep Auto Industries IPO
Financials

Amkay Products Limited Financial Information (Restated)

Amkay Products Limited's revenue decreased by -23.22% and profit after tax (PAT) rose by 2.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,887.521,563.771,580.641,393.47
Total Income2,385.562,825.053,679.454,071.74
Profit After Tax215.34151.02146.71312.68
Net Worth986.96771.62620.60473.90
Reserves and Surplus350.59743.95592.93446.23
Total Borrowing476.22469.98433.59136.54
Amount in ₹ Lakhs

Mandeep Auto Industries Limited Financial Information (Restated Standalone)

Mandeep Auto Industries Limited's revenue increased by 36.03% and profit after tax (PAT) rose by 62.17% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,424.731,963.151,297.811,050.17
Total Income1,656.762,978.742,189.731,563.49
Profit After Tax214.93104.9164.6949.81
Net Worth820.80453.54413.61280.42
Reserves and Surplus163.81
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.8999.97
Promoter Shareholding (Post-Issue)73.4463.53
P/E Ratio23.1810.15
Market Cap₹47.61 Cr.₹69.26 Cr.
ROE24.49%30.15%
ROCE21.54%27.94%
Debt/Equity0.481.00
EPS₹2.37₹6.60
RoNW21.82%25.97%

Shares Offered

In the Amkay Products IPO Retail Individual Investors (RII) are offered 7,62,000 shares while in Mandeep Auto Industries IPO retail investors are offered 7,62,000 shares. Qualified Institutional Buyers (QIB) are offered 4,34,000 shares in Amkay Products IPO and in Mandeep Auto Industries IPO.

 Amkay Products IPOMandeep Auto Industries IPO
Anchor Investor Reserveration6,50,000 shares
Market Maker Reserveration1,20,000 shares1,90,000 shares
QIB4,34,000 shares
NII3,26,000 shares17,88,000 shares
RII7,62,000 shares17,90,000 shares
Employee
Others
Total21,72,000 shares35,78,000 shares

Bids Received (Subscription)

Amkay Products IPO subscribed 748.03x in total, whereas Mandeep Auto Industries IPO subscribed 77.23x.

 Amkay Products IPOMandeep Auto Industries IPO
QIB (times)173.04x
NII (times)987.34x61.54x
Big NII (times)
Small NII (times)
RII (times)973.14x90.57x
Employee (times)
Other (times)
Total (times)748.03x77.23x